Major Banking Reforms of 21st Century

India is one among the top 10 economies in the world. Banking sector in India is robust and forms the most dominant segment of the financial sector. The banking industry acts as a pivot in the economic development of the country. The face of the banking industry has been witnessing changes over the years. The […]

Types of Banks

There are several types of the banks worldwide. Some important types of the Banks world-wide are as follows: Central Banks Central Banks, also known as Reserve Banks or Monetary Authorities are generally the top banking institution of a country with responsibilities such as managing currency, foreign exchange, money supply, interest rates etc. of that country. […]

Is India heading towards another financial crisis?

The 2008 financial crisis brought the world to a standstill. Even India was not immune from the impact of the crisis. But the impact was limited. The aftermath effects of the crisis continued to haunt India for a longer period of time. The dark clouds of another financial crisis are looming large over India. Why […]

Banking Sector in Union Budget 2017-18

The budget 2017-18 has come with a big boost for the agriculture market due to increased push on infra, boost to affordable housing, fiscal deficit target of 3.2% etc. They key provisions for the banking sector are as follows: New Bankruptcy Bill for Financial Firms It was announced that a bill relating to resolution of […]

Small Finance Banks

On 27 November 2014, RBI had released the guidelines on Small Finance Banks along with the Payment Banks. The objective of small finance banks is to further financial inclusion by providing: Basic banking facilities to the unbanked and thereby boosting saving habits. Supply of credit to small business units, small and marginal farmers, micro and […]